Download Invierta en Colombia

Colombia
Investment Environment and
Business Opportunities in
Colombia
January – 2015
About us
PROCOLOMBIA
We promote exports, tourism, investment and industrial expansion for
internationalization. We integrate the work of the Country Brand within the
strategic planning of Colombia’s promotion worldwide.
Presence in Colombia
25 Information centers
Valledupar. Pasto. Palmira. Armenia = Universidad
Gran
Colombia
–
Cámara
de
Comercio.
Villavicencio. Boyacá = Tunja - Duitama - Sogamoso.
Ibagué. Santa Marta. San Andrés. Aburrá Sur. Neiva.
Barranquilla = Cámara comercio – Universidad del
Norte. Cartagena. Medellín. Bucaramanga. Cali =
Cámara de Comercio. Pereira. Bogotá. Manizales.
Cúcuta.
8 Regional Offices
Barranquilla,
Bogotá.
Bucaramanga. Cali. Cartagena.
Cúcuta. Medellín. Pereira
PROCOLOMBIA around the world
26 commercial offices
Presence in 30 countries
United States. Canada. Mexico. Guatemala. Costa Rica.
Caribbean. Venezuela. Brazil. Ecuador. Chile. Peru. Argentina.
Spain. Germany. Portugal. United Kingdom. France. Turkey.
United Arab Emirates. India. China. South Korea. Russia. Japan.
Singapore. Indonesia.
PROCOLOMBIA Services
PROCOLOMBIA Services
PROCOLOMBIA Services
General Facts

55%

of the population is less than
30
years old.
There are nine cities
with over 500 thousand people.
With an extension of
1,141,000 km2 almost 3 times
the size of California and twice the size of
Texas.
Colombia
Colombia is the country with
the highest biodiversity per
km2
It is among the 17most megadiverse
countries of the planet.
is
the
only
country in South America
with access to both, the
Atlantic and the Pacific
ocean.
Times of great economic achievements
GDP III TRIM 2014: +4.2%
GDP III TRIM 2013: +5.7%
Higher than the Latin American average
growth (1.3%).
Controlled
Inflation 2014: 3.66%
Below target inflation
Unemployment rate Nov 2014: 7.7%
Unemployment rate Nov 2013: 8.5%.
FDI III TRIM 2014: US$11,840
FDI III TRIM 2013: US$ 12,431
Figures in US Millions
1.02 million barrels per
day of oil production
Third largest producer in South America
A competitive location with easy access
to markets around the globe
Frankfurt
11H15M
Canada
Toronto
6H05M
Paris
10H40M
Germany
United States
Los Angeles
8H20M
New York
5H35M
France
Madrid
9H40M
México
Over 935
Mexico City
4H45M
Caracas
1H20M
Quito
1H30M
Ecuador
Brazil
Peru
Sao Paulo
5H45M
Lima
3H00M
Chile
Santiago
Chile
5H00M
Argentina
Buenos Aires
6H15M
Spain
weekly direct international flights.
More than 6,197 weekly domestic flights.
Less than 6
hours
to the main capital cities in
Latin America.
More
20 different airlines
than
operating in Colombia.
The second largest spanish speaking country in the
world and the 24th most populated
Population 2014*
Million
202,8
117,5
90,6 83,5
81,0
64,6
50,5 47,7
Source: DANE, 2014; EIU - Economist Intelligence Unit. 2014.
35,6 30,8 30,2
23,5 17,7
10,7 9,7 8,5 8,2 8,1 7,1 5,5 5,1 4,4
Colombia is within the 30th largest economy in the
world and one of the largest non-OECD economies
2,324
Germany
1,790
Brazil
1,176
Mexico
1.089
Australia
Malaysia
600
Colombia
595
Vietnam
415
Switzerland
401
Singapore
387
Belgium
448
Sweden
432
373
Chile
425
Hong Kong
397
Peru
Norway
300
Israel
302
Denmark
New Zealand
Source: FMI . 2014
226
150
GDP at PPP – 2015 en
US$ Billion
Note: GDP adapted to Purchasing
Power Parity PPP. Projected data.
The highest expected growth in 2014 among Latam’s
major economies
Expected growth of Gross Domestic
Product, 2014e
4.9% **
Latin America and
Caribbean
(Average growth)
3,6%
2,4%
2,0%
1,3%
0,3%
-1,7%
-3,0%
Colombian growth drivers
according to OECD
High investment in housing and infrastructure (12% growth)
Growth in private consumption (4.6%)
Solid labor market
Public expenditure
Source: OECD, IMF (World Economic Outlook – October 2014) and DANE.
Among the main countries in the region in terms of GDP. ** OECD estimation
e = estimated
Peru and Colombia, the top growing economies in the
coming years
Gross Domestic Product, average growth
2015e – 2018e
5,4%
4,5%
4,0%
3,7%
3,5%
2,3%
0,1%
-1.5%*
Source: IMF (World Economic Outlook – October 2014)
e = estimated
Data of Argentina is for the year 2015 only.
Low inflation
Inflation, percent variation
2014e
69.8%
Average Latin America
and Caribbean*
3.98%
2,9%
3,3%
4,0%
4,2%
Peru
Colombia
Mexico
Chile
Source: IMF (World Economic Outlook – October 2014)
* The average doesn’t include Venezuela and Argentina
e = estimated
6,2%
Brasil
Venezuela
Macroeconomic stability and strong economic
performance in the long term
GDP Growth, Inflation and unemployment Rate 2002 –
2018p (%)
Unemployment rate
GDP
Inflation
15.6
14.1 13.7
11.8 12.0
6.7
7.0
2.5
5.3
11.2 11.3
12.0 11.8
6.9 7.7
5.5
4.9
3.9
5.7
4.0
3.5
4.0
2003
2004
2005
2006
4.7
3.7
2007
9.1
9.0
8.9
8.9
8.6
5.0 5.0
4.7
4.6
4.6
3.6
3.5
3.3
2.0
4.5
2008
2009
3.6
2.4
1.7
2002
9.6
6.6
4.7
6.5
10.8 10.4
2010
2011
2012
3.4
1.9
2013 2014p 2015p 2016p 2017p 2018p
P: Projected
Source: DANE; Banco de la República; Fedesarrrollo July 2014, EIU - Economist Intelligence Unit .
2014
* 2014 inflation given by DANE
Colombia's per capita income has nearly doubled since
2000
Per capita National Income (PPP)
2000 – 2018p, US$
Income
16.000
14,110
14.000
12.000
10.800
10.000
8.850
8.000
6.000
High Income
5,805
Middle High
Income
4.000
2.000
Middle Low
Income
0
Low Income
Source: EIU – Economist Intelligence Unit. PPP = purchasing power parity.
Economies are divided according to 2012 income per capita, calculated using the World Bank Atlas method. The groups are: low
income, US$1,035 or less; lower middle income, US$1,036 - US$4,085; upper middle income, US$4,086 - US$12,615; and high income, US$12,616
Economic growth has been fueled by high rates of
investment
Gross Capital Formation (% of GDP)
2000 – 2016f
31%
27%
25%
28%
24%
18%
16%
14%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014p 2015p 2016p 2017p 2018p
Source: EIU – Economist Intelligence Unit
Figures at constant prices of 2005.
p- Projected
A rapidly expanding middle class
Middle class* in Colombia as a percentage
of total population
Average real growth of consumer
expenditure, 2014 – 2018
46%
Million
inhabitants
5,5%
37%
4,7%
25%
24.7
16%
4,2%
19.0
11.6
4,1%
6.7
2,9%
2002
2012
2020
2025
* Calculus based on a 4.6% GDP growth
Middle class: Monthly household income between 3.2MW and 13MW
(MW) Minimum wage in Colombia 2014: USD 320.
Source: Fedesarrollo (2013) and Euromonitor
2000 - I
2000 - II
2000 - III
2000 - IV
2001 - I
2001 - II
2001 - III
2001 - IV
2002 - I
2002 - II
2002 - III
2002 - IV
2003 - I
2003 - II
2003 - III
2003 - IV
2004 - I
2004 - II
2004 - III
2004 - IV
2005 - I
2005 - II
2005 - III
2005 - IV
2006 - I
2006 - II
2006 - III
2006 - IV
2007 - I
2007 - II
2007 - III
2007 - IV
2008 - I
2008 - II
2008 - III
2008 - IV
2009 - I
2009 - II
2009 - III
2009 - IV
2010 - I
2010 - II
2010 - III
2010 - IV
2011 - I
2011 - II
2011 - III
2011 - IV
2012 - I
2012 - II
2012 - III
2012 - IV
2013 - I
2013 - II
2013 - III
2013 - IV
Economic growth, Investor Confidence and Security
6000
30,0
5000
25,0
4000
20,0
3000
15,0
2000
10,0
1000
5,0
0
0,0
IED - US$ million*
Insecurity perception**
* Figures do not include FDI registered for SabMiller adquisition of Bavaria in 2005 (USD 4,800 MM).
** Perception of insecurity as a key issue affecting industrial growth in the country. Monthly Industrial Survey -ANDI.
Source: National Business Association of Colombia - ANDI. Balance of Payments – Banco de la República.
Colombia, an investment-grade country with positive
outlook
Rating
Agency
Term
Long Term–
Foreign Currency
Rating
Date
BBB
24– Apr- 2013
Outlook
Stable
Long Term– Local
Currency
Long Term–
Foreign Currency
BBB +
5 – Mar - 2007
BBB
13 – Dic- 2013
Stable
Long Term – Local
Currency
BBB+
22 – Jun - 2011
Long Term–
Foreign Currency
Baa2
28– Jul - 2014
Positive
The key drivers for Moody´s upgrade on July 2014 were:
1. Expectations of continued strong growth dynamics despite external headwinds and robust long-term growth
prospects supported by the fourth generation (4G) infrastructure investment program;
2. Sound fiscal management that has led to moderate fiscal deficits coupled with continued compliance with the fiscal
rule and expectations that this will continue.
Source: S&P Ratings; Revista Dinero, Colombian Treasury.
Colombia tops the region in the World Bank’s Doing
Business Report
Factors with positive behavior
2014 – 2015
Positions change 2014 – 2015**
Colombia, 34*
2
Getting credit
19
Peru, 35 *
-1
Registering
property
Trading across
borders
Mexico, 39 *
+4
Dealing with
construction
permits
Chile, 41 *
-2
2
1
12
93
61
Panama, 52 *
+3
Position out of 189 economies
42
Ecuador, 115 *
Change in rank 2014 – 2015**
0
Brasil, 120 *
+3
Source: Doing Business Report 2015. World Bank
* Position between 189 economies. ** Positive numbers indicate an improvement in the business environment
53
Position out of
189 economies
Colombia is the leader in terms of Investor Protection in
the region and 10th worldwide.
Investment Protection Index
Doing Business - 2015
7,2
5,8
5,8
5,8
5,6
Source: Doing Business 2015 – World Bank
* Índex: 0-10 and 10 = the best score
Uruguay
Panama
Argentina
Mexico
Chile
Peru
Brazil
Colombia
4,8
4,7
4,2
El Salvador
6,2
Ecuador
6,3
Ranking
Country
10
Colombia
35
Brazil
40
Peru
56
Chile
62
Mexico
62
Argentina
76
Panama
110
Uruguay
117
Ecuador
154
El Salvador
Total trade increased fivefold in the last 10
years.
118.219
United States
• Exports: US$10,895 million
• Imports: US$ 12,142 million
84.509
111.628
80.502
65.683
77.295
62.888
50.553
42.395
33.475
27.008
24.671
25.151
24.915
Exports and Imports.
2000 – 2014 Sept
US$ millions
118.758
Top commercial partners 2014 – Sept
China
• Exports: US$ 4,887 million
• Imports: US$7,449 million
Mexico
Exports: US $712 million
Imports: US$ 3,355 million
India
• Exports: US $2,410 million
• Imports: US$ 914 million
Comercio total (X+M)
Colombia shows a remarkable growth of its
exports.
Exports. 2000 – 2013
FOB Values US$ millions
Top export destinations 2014 – Sept
56,954
58,822
42.950
37,626
United States
• US$ 10,895 million
• Part. 25.3%
China
• US $4,887 million
• Part.11.3%
21,190
13,158
13,129
Panama
• US $2,847 million
• Part. 6.6%
Spain
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
- Sept
Variation 2010 - 2011: 43%
Variation 2011 - 2012: 5,7%
Variation 2012 -2013: -2.2%
Source: DANE .
Taking into aacount tradtional and non – traditional exports.
• US $2,592 million
• Part. 6%
Imports also have increased rapidly.
Imports 2000 – 2013
CIF Values - US$ million
Top imports by origin 2014 –Sept
United States
• US$ 12,142 million
• 29.2%
59.397
54.233
China
• US$ 7,450 million
• 17.9%
39.666
41.559
Mexico
32.891
• US$ 3,355million
• 8%
16.764
11.757
Brasil
• US$ 1,677 millones
• Participación: 4%
2000
2001
2002
2003
2004
Variation 2011 – 2012: 7.2%
Source: DANE
2005
2006
2007
2008
2009
2010
2011
2012
2013
Colombia has access to more than 45 countries and
1,500 million consumers through its network of FTAs.
Norway
Island
Liechtenstein
Canada
Switzerland
European
Union
United States
South Korea
Turkey
Israel
Mexico
Costa Rica
Guatemala
Cuba*
Panama
Honduras
Venezuela*
Nicaragua*
El Salvador
Ecuador
Pacific
Alliance
Brazil
Peru
Bolivia
Paraguay
In force
Chile
Uruguay
Signed
Argentina
In negotiation
*These are Partial Scope Agreements (PSA)
- - - The dotted line refers to member countries of The Pacific Alliance other than
Colombia. – Chile, Peru and México.
Source: Colombian Ministry of Commerce, Industry and Tourism. 2014.
Japan
International Investment Agreements - IIA
Russia
United
Kingdom
Canada
Switzerland
France
Spain
United States
Mexico
China
Azerbaijan
Kuwait
Qatar
Guatemala
Japan
Turkey
Israel
South Korea
UAE
India
Costa Rica
Honduras
El Salvador
Panama
Singapore
In force
Peru
Pacific
Alliance
Signed
Chile
In negotiation
Note: The International investment agreements (IIA) include Agreement Investment
Treaties – BIT (agreement) and Free Trade Agreements – FTA- with investment section
(chapter).
Source: Colombian Ministry of Commerce, Industry and Tourism. 2014.
Double Taxation Agreements - DTA
United Kingdom
Canada
Netherlands
Belgium
Switzerland
Portugal
United States
Spain
France
Czech
Republic
South Korea
Mexico
India
Ecuador
Peru
Bolivia
In force
Chile
Signed
In negotiation
Japan
Colombia: A gateway to the Pacific Alliance
Mexico
Population of 214 million
Almost Brazil´s Population
Colombia
47% of the regional FDI
FTAs with 60 countries
Total FDI of US$ 85,488
million (2013)
Access to benefits of
markets that represent
85.7% of the World GDP
Peru
GDP of USD 2,123 billion
The members generate 35% of
the region´s GDP
Chile
MILA is the first cross border initiative to integrate equities
markets, without any sort of merger or global corporate
integration, using only technological tools along with
Listed companies:
Source: MCIT, 2013
590
Two years in a row as one of the top 20 destinations
for FDI
Top 20 host economies in 2012
USD billion
18
Source: UNCTAD – World Investment Report 2013 and 2014
Top 20 host economies in 2013
USD billion
19
In 2013 Colombia reached a new record in FDI:
Nearly 10 times of what it received 10 years ago
Top Investing Countries in
Colombia 2000– 2014 III Trim
FDI Inflows. 1994 –2014 III Trim
US$ million
United States
Var.
8%
15,039
• US$ 27,277 million
• 17.6 %
16,199
England
• US$ 16.633 million
• 8.7%
Var.
-4.8%
7,821
2,504
Prom.
Prom.
2012
1994 - 2002
2003 - 2011
2013
6,347
5,412
6,085
6,426
2013
(III Trim)
2014
(III Trim)
Oil and Gas
Spain
• US$ 9,990 million
• 5.9%
Chile
• US$ 4,546 million
• 2%
Other sectors
Source: Balance of Payments - Banco de la República.
Share of all countries with positive cumulative investment, The information includes reinvested
profits or investments in the oil sector
Note: the list of the top countries investing in Colombia does not include Panama.
The stock of Colombia’s outward FDI increased
elevenfold since 2002
Stock of outward FDI. 1994 – 2014 III Trim
US$ million
FDI outflows by sectors,
1994 – 2014 III Trim
39,578
Transport &
Communication
s: 6.0%
7.652
Commerce, Res
taurants &
Hotels: 4.6%
Others: 3.2%
2.368
3,652
Electricity, wat
er & gas: 11.5%
-606
Stock…
Stock…
2012
2013
Oil & Mining:
20.1%
2014 -III
Trim
United States
Panama
US$ 7,524 million
17.9%
US$ 6,934million
16.5%
England
US$ 5.636 million
13.4%
Industry
, 23,8%
Peru
US$ 2.765 million
6.5 %
Source: Banrep, 2014; World Investment Report, Overview 2013; FDI Markets, Global Greenfield Investement Trends. 2013; CEPAL 2013.
Financial
services: 30.7%
China
Myanmar
Saudi Arabia
Indonesia
Jordan
India
New Zealand
Malaysia
Mexico
Tunisia
Russia
Canada
Iceland
Kazakhstan
Korea
Australia
Israel
Ukraine
Austria
Brazil
Mongolia
Peru
United States
Norway
Switzerland
Kyrgyz Republic
Poland
Morocco
Egypt
United Kingdom
Turkey
Sweden
Chile
South Africa
Japan*
Italy
Costa Rica
Slovak Republic
Latvia
France
Ireland
Lithuania
Belgium
Argentina
Denmark
Greece
Hungary
Colombia
Germany
Spain
Finland
Estonia
Netherlands
Czech Republic
Romania
Slovenia
Portugal
Luxembourg
Low barriers to FDI
0,450
0,400
FDI regulatory restrictiveness index, 2013
0,350
Closed = 1; Open = 0
0,300
0,250
0,200
0,150
0,100
AVERAGE ALL
OECD average
0,050
0,000
Source: OECD
Sectors of opportunity – Tourism
Foreign visitors in Colombia
2006 – 2014 Nov, thousands
Main nationalities of foreign visitors
in Colombia, 2014 Nov
United States
51
1,053
127
1,195
228
1,223
285
1,354
296
313
254
306
278
• 330,439 visitors
• 18.8%
European Union
1,475
1,582
1,692
1,832
1.760
• 285,218 visitors
• 16.2%
Venezuela
• 234,822 visitors
• 13.3%
2006
2007
2008
2009
2010
Arrivals (Migración Colombia)
2011
2012
2013 2014 Nov
Visitors in cruises
Source: Migración Colombia, MCIT, Banco de la República. Cálculos de PROCOLOMBIA
Ecuador
• 113,539 visiors
• 6.5%
Some examples of high profile Colombian
“multilatinas”
SURA Brand is currently well known in the
insurance, pension and investment fund business
through its operations in Mexico, Peru, Uruguay and
Chile.
One of the largest food companies in
Colombia, Nutresa has presence in 12
countries in Latam, with manufacturing
plants in 8 of them.
In 2011, the group bought ING assets in Latin
America for USD $ 3,614 million.
Recently, the company signed an
agreement to acquire 100% of the shares
in Tresmontes Lucchetti S. A. in
Chile for USD 758 million.
It is the largest financial conglomerate in Colombia.
The
Group
has
subsidiaries
in
El
Salvador, Panama, and Puerto Rico.
In 2012, Bancolombia acquired 100% of the
ordinary shares and 90.9% of the preferred shares of
HSBC Bank in Panama.
Some examples of high profile Colombian
“multilatinas”
Carvajal SA, is a conglomerate with
presence in 15 countries and
recognized for its role in the field of
packaging, stationery, design and
advertising.
In 2013, Carvajal S.A made an
investment of $ 23.7 million for the
construction of a manufacturing and
distribution center in Peru.
Tecnoquímicas is specialized in heath products and
services,
personal
care
and
household
cleaning, processed foods, and agricultural and
veterinary products in Colombia and Latin America.
The company has direct presence in Central
America through its 3 production plants in El
Salvador.
Colombiana SA is one of the country's leading
companies in the production and marketing of
sweets, chocolate and biscuits.
The company has strengthened its international
strategy with the opening of 11 branches
throughout the Americas and has a production
plant in Guatemala to supply the American market.
Sectors of opportunity – Energy: A diversified source base
and a pivotal location in the Americas
The Global Energy Architecture Performance
Index 2014
Norway
0,75
New Zealand
0,73
France
0,72
Sweden
0,72
Switzerland
0,72
Denmark
different stages: Installed capacity of
4,974 MW*
0,71
Colombia
0,7
Spain
0,67
Costa Rica
0,67
Latvia
103 Power Generation projects in
0,66
Colombia was ranked first in
Latin America and seventh in the
world according to the “Energy
Architecture Performance Index
2014”. WEF, 2014.
Source: World Economic Forum 2014 and UPME
* UPME (Colombian Planning Unit of Mines and Energy)
13 power transmission projects in
different stages*
High potential in Biofuels and
alternative energies
Sectors of opportunity – Infrastructure: A major drive for
growth
Fourth Generation of PPP’S (4g) –
Roads: US$ 24 Bill.
-Intervention of 8.000 Km of Roads
- 1.300 Km of new Roads
- 40 new concessions
Ports: US$ 2,1 Bill.
(2015-2018)
Improvement of the
Magdalena river
navigability:
Opportunities to develop
air, road, river and airport
infrastructure
US$ 1.3 Bill.
Airports: interventions US$ 1.8 Bill
(10 projects) and constructions US$
2.3 Bill (2 projects). (2015-2018)
Step Rail Ways Concession
Program (feasibility study – step 2)
US$ 4.2 Bill.
Source: Ministry of Transport
Opportunity sectors – Manufactures for the local
and foreign markets.
599,012 hab.
Soledad
Barranquilla
1.212,943 hab.
Cartagena
Building
materials,
cars
and
parts, clothing, cosmetics and cleanness
products, electric machines, others.
990,179 hab.
Cúcuta
Medellín
643,666 hab.
2.441,123 hab.
Bucaramanga
More than 400.000 graduates and
specialists in engineering related areas between
2000 and 2011
527,451hab.
Cali
2.344,734
hab.
Bogotá
Colombia has a business
network of more
than 3,700 industrial companies with
7.776,845 hab.
export experience
9 cities with more than 500 thousand
citizens
Ibagué
512,631 hab.
Sectors of opportunity – Services :
IT, BPO, ITO, Shared Services, Apps
The broadband connections
increased from 2,2 to 8,8 millions
between 2010 and 2014
Colombia is the 4th largest provider
of Software and IT services in the
region.
Sales growth rate : 13% between
2012 and 2013
Some foreign players in Colombia
In the next 4 years, the
broadband connections will
be tripled reaching 27
million connections
Source: MinTic and IDC
Labor incentives
Discount in the income tax and supplementary contributions, and other contributions from payroll.
(Do not include positions generated by mergers or replacements)
New employees under twenty eight (28)
years old. Length of benefit by employee: 2
years.
New employees with incomes lower than
1.5 Minimum Wages (US$ 476). Length of
benefit by employee : 2 years.
New employees certified in displacement
situation, reintegration or disability. Length of
benefit by employee: 3 years.
New women employees above 40 years old
with more than 1 year unemployed. Length of
benefit by employee: 2 years.
Incentives for job creation and formalization
Application of escalation
Payment of income tax.
Payment of levies and other contributions from payroll.
The business registration and renewal.
Small firms: staff no more than 50 employees, total assets not exceeding 5,000 SMMLV.
Start of main economic activity: date of registration in the commercial register.
0% - 2 first years
25% - third year
50% - fourth year
75% - fifth year
100% - from the sixth
year.
0% - first year
50% - second year
75% - third year
100% - from the fourth
year.
Free Trade Zones: Reduced income tax and sales
allowed to the local market
Guajira
Magdalena
Atlántico
Bolívar
Antioquia
Norte de
Santander
Santander
Special Standing
"Uniempresarial"
(FTZ)
Caldas
Risaralda
Quindío
Free Trade Zone
Boyacá
Permanent Free
Trade Zone
Cundinamarca
Valle del
Cauca
Cauca
Huila
filed after
December
31, 2012.
FTZ
FTZ requested or
approved prior to
December 31, 2012.
Caribbean Region
Andean Region
Pacific Region
• 15% Income tax.
• Income tax
of 15% +
9% tax
CREE.
Free Trade Zones: Reduced income tax and
sales allowed to the local market
No import duties. VAT exemption for goods
sold from Colombia to FTZ.
Benefit from international trade
agreements.
Allows sales to the local market.
Free trade zones for different investor
styles.
A country of regions and differentiated opportunities for
investors
Caribbean Region
Population
10.2 million
Economically Active
Population
4.6 million
GDP (Billion USD)
Source: DANE, 2014
$ 55.198
•
Strategic location to access North America and the Caribbean. Just two
hours and one hour away from the US and Panama, respectively.
•
The 5 ports in the Caribbean move more than 55 million tons.
•
38% of the people in San Andres and Providencia are bilingual.
•
It has 8 of the country's 9 submarine cables.
•
There are 14 clusters in the Caribbean region with different initiatives
that support health services, IT, agribusiness, logistics, and the dairy
sector.
•
According to the International Congress and Convention Association
(ICCA), Cartagena is the second Meetings and Corporate Tourism
destination in Colombia.
•
Productive investments in: agribusiness, logistics and tourism
services, and production of industrial supplies.
•
Its business sector is comprised by more than 2,600 companies, with
322 manufacturing companies, for example:
• 28 plastic container companies
• 24 metalworking companies
• 16 chemicals companies, etc.
A country of regions and differentiated opportunities
for investors
Andean/Central Region
Population
26,5 Millones
Economically Active
Population
5,9 Millones
GDP (Billion USD)
234.959
Source: DANE, 2014
•
It is home to more than 50% of the population in Colombia.
•
It is the main industrial and services hub in the country, representing
69% and 73.3% of the domestic GDP respectively.
•
It clusters 70% of the business sector, with more than 26,400
companies.
•
It offers 4 international airports with more than 1,800 air cargo
routes handling over 730 million tons per year.
•
Medellin was acknowledged as the most innovative city in the
world. There are noteworthy developments in CO2 emission
reduction processes, cultural attractions, and reduced criminal rates.
Urban Land Institute, 2013. (El tiempo)
•
The Santander Free Trade Zone is the number one in terms of job
creation among the Free Trade Zones created since 2009. Noticia
Vaguardia Liberal, 2014.
•
Bogota is the sixth most attractive city in Latin America to engage in
business activities, according to América Economía, 2014.
•
A country of regions and differentiated opportunities
for investors
The Pacific Region
Population
8,2 Millones
Economically Active
Population
4,1 Millones
GDP (Billion USD)
48.535
Source: DANE, 2014
•
In 2013, the 2 public service ports in the department of Valle
del Cauca handled 44.5% of the foreign trade operations in
Colombia by sea.
•
It gathers approximately 10% of the business sector in Colombia
with more than 3,100 companies.
•
Valle del Cauca is the 4th department in Colombia with the
highest arrivals of non-resident foreign travelers. In 2013, this
figure increased by 10.3%.
•
Valle del Cauca is a strategic location to address the domestic
market. Also, Buenaventura is one of the closest ports to Asia in
the Americas.
•
Valle del Cauca gathers 29% of the central distribution logistic
platforms for the main companies in the country.
•
Valle del Cauca is the most cost-efficient region to
invest, according to the Financial Times, 2014.
A country of regions and differentiated
opportunities for investors
The Orinoquia and the Amazon Regions
Population
2,7 Millones
Economically Active
Population
4,3 Millones
GDP (Billion USD)
39.157
Source: DANE, 2014
•
Great opportunities regarding agribusiness, oil goods and
services, hotel infrastructure, and tourism.
•
In 2013, 13,955 foreign travelers arrived in these regions,
showing a 29% growth compared to the previous year.
•
In 2013, more than 1,979,067 acres were planted with
agricultural products, showing a 6.6% increase.
•
With over 3,212 acres cultivated with different clones, this
is the main rubber-producing region in Colombia.
MinAgricultura (Ministry of Agriculture)
•
It gathers nearly 40% of the area suitable for reforestation
for commercial purposes in Colombia. UPRA